Worth reading
54Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
46.6
Year-on-year change in operating profit (%)Wording
Conditional
How definitive the wording is.Contents of this document
Summary of Q&AFiscal year ending February 2027, second quarter5 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥4,453 million+8.1%
Operating profit¥135 million+46.6%
Ordinary income¥120 million+115.0%
Net income¥-19 million
Progress against full-year forecast 通期の予想に対して、いまどこまで進んだかの割合です。
Net Sales52.4%
Operating profit28.2%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Although the operating profit progress rate is 28.2%, progress is assessed as steady toward achieving the full-year forecast.Key points of the Q&AKey questions raised by investors at the briefing and the company's answers
- Second-quarter performance: revenue reached a record high for the first half and operating profit exceeded the internal plan, while interim net income was negative due to the impact of corporate income taxes and other taxes.
- Progress against the full-year forecast was 52.4% for revenue and 28.2% for operating profit, which the company assessed as steady.
- The IRI business is centred on large projects, but greater awareness of the internal threat countermeasures market and an expanding customer base provide room for growth. The profit contribution from the AI governance business is still being scrutinised.
- In the second half, the elimination of duplicate rent, accumulation of MRR in the IRI and SR businesses, and recurring revenue from My Guard Pro are expected to contribute to profit.
- GloLing and プレイネクストラボ are negotiating with the aim of selling them during the current fiscal year, and the company also expects the sale to reduce liabilities and expenses.
- The company is considering introducing a dividend and changing its dividend policy, but will make a decision after taking into account retained earnings at the end of the current fiscal year and other factors.
- Specialisation in internal risk detection is a differentiating factor from competitors whose main focus is countermeasures against external attacks.
- If the company fails to meet the listing maintenance criteria, it may consider options including transferring to the Standard Market.
New initiatives
- Upfront investment in the AI governance business
- Expansion of the security DX service "My Guard Pro"
- Direct contract with Company X
- Negotiations to sell GloLing and プレイネクストラボ
Key KPIsA metric the company considers important as a management benchmark.
- Equity ratio32.9%Year on year against the same period last yearImproved from 25.5% at the end of February 2026
- Number of target companies for the IRI businessNearly 4,000 listed companies in total, and nearly 10,000 including group companies
Medium-term management plan targets
- TargetApproximately ¥500 million in shareholder returns over the 3 years through the fiscal year ending February 2029Target fiscal yearFiscal year ending February 2029
- TargetDoubling the number of individual investorsTarget fiscal yearPeriod covered by the three-year management plan
| Item | Details |
|---|---|
| Document type | Summary of Q&A |
| Fiscal Period Covered | Fiscal year ending February 2027, second quarter |
| Net Sales | ¥4,453 million (YoY +8.1%) |
| Operating profit | ¥135 million (YoY +46.6%) |
| Ordinary income | ¥120 million (YoY +115.0%) |
| Net income | ¥-19 million |
| Progress against full-year forecast | Net Sales 52.4% / Operating profit 28.2% |
| Self-assessment against the plan | Although the operating profit progress rate is 28.2%, progress is assessed as steady toward achieving the full-year forecast. |
| Key KPIs | Indicator name Equity ratio / Value 32.9% / Year on year against the same period last year Improved from 25.5% at the end of February 2026, Indicator name Number of target companies for the IRI business / Value Nearly 4,000 listed companies in total, and nearly 10,000 including group companies / Year on year against the same period last year Not disclosed |
| Medium-term management plan targets | Target Approximately ¥500 million in shareholder returns over the 3 years through the fiscal year ending February 2029 / Target fiscal year Fiscal year ending February 2029, Target Doubling the number of individual investors / Target fiscal year Period covered by the three-year management plan |
| Key points of the Q&A | Second-quarter performance: revenue reached a record high for the first half and operating profit exceeded the internal plan, while interim net income was negative due to the impact of corporate income taxes and other taxes., Progress against the full-year forecast was 52.4% for revenue and 28.2% for operating profit, which the company assessed as steady., The IRI business is centred on large projects, but greater awareness of the internal threat countermeasures market and an expanding customer base provide room for growth. The profit contribution from the AI governance business is still being scrutinised., In the second half, the elimination of duplicate rent, accumulation of MRR in the IRI and SR businesses, and recurring revenue from My Guard Pro are expected to contribute to profit., GloLing and プレイネクストラボ are negotiating with the aim of selling them during the current fiscal year, and the company also expects the sale to reduce liabilities and expenses., The company is considering introducing a dividend and changing its dividend policy, but will make a decision after taking into account retained earnings at the end of the current fiscal year and other factors., Specialisation in internal risk detection is a differentiating factor from competitors whose main focus is countermeasures against external attacks., If the company fails to meet the listing maintenance criteria, it may consider options including transferring to the Standard Market. |
| New initiatives | Upfront investment in the AI governance business, Expansion of the security DX service "My Guard Pro", Direct contract with Company X, Negotiations to sell GloLing and プレイネクストラボ |
Items this document does not state (19)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesResults for the three months of the current quarterFull-year earnings forecastSegment resultsBreakdown of Factors Affecting the ChangeUnit price and quantity metricsNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / Share
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Growth in digital security and the acquisition of a large project for the "My Guard Pro" security DX service in physical security drove performance. Although expenses for shareholder benefits, duplicate rent associated with the office relocation and upfront investment in digital security were incurred, the company expects the elimination of duplicate rent and profit accumulation from business growth to contribute in the second half. The interim net loss was largely attributable to the provisional recognition of corporate income taxes and other taxes under the simplified method.
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